Abu Dhabi-listed Phoenix Group has signed an 80-megawatt (MW) power purchase agreement (PPA) in Ethiopia, marking its expansion into the African market. The agreement, made in collaboration with Data7 ...

Phoenix Group PLC (ADX:PHX), the UAE's multi-billion-dollar tech powerhouse, today announced a major strategic expansion into the burgeoning African market with the acquisition of an 80-megawatt (MW) ...

Phoenix Group, an Abu Dhabi-listed blockchain and crypto solutions company, has signed an 80-megawatt power purchase ...

Abu Dhabi group plans to announce more sites in the African nation, apart from making an entry into South America later this ...

But that hasn’t prevented Chinese bitcoin (BTC) mining company BIT Mining (BTCM) from expanding its operations — until now confined to Akron, Ohio — into Ethiopia by signing a $14 million ...

Ethiopia has made significant strides in transforming its energy resources into a digital Economy powerhouse, with bitcoin mining emerging as a key driver. The Grand Ethiopian Renaissance Dam ...

As of Dec 2024, Africa now accounts for 3% of the total global Bitcoin mining hashrate, with Ethiopia alone producing 2.5%, more than double what the entire continent produced in 2023, entirely ...

Ethiopia’s state-owned power producer, and a population of 126 million Ethiopians, welcomed the bitcoin mining industry in 2024 with an attractive electricity rate of USD 3.2 cents KWh. In this past ...

The firm did not provide details on the location of the facility or the size of the deal, which was signed in partnership ...

Crypto Daily - Ethiopia is leveraging its hydroelectric power through the Grand Renaissance Dam to power Bitcoin mining and generate 18% of the country’s revenue from digital assets. Bitcoin mining is ...